from24/7 Wall St.
5 days agoKevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns
Start with the inflation picture. Headline PCE ran at 3.5% year over year in March 2026, up from 2.83% in February, and core PCE accelerated to 3.2%. Energy was the kicker, with a 14.43% year-over-year reading and an 11.56% month-over-month spike, much of it tied to the Iran conflict that S&P Global says is doing “increasingly evident” damage to growth and prices.
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